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It's not but keep in mind with no debt, there is no US treasury market. You have to have a little bit of it. Having said that, government debt is a little diff
by Clubber 9y ago
It's not but keep in mind with no debt, there is no US treasury market. You have to have a little bit of it.
Having said that, government debt is a little different from personal or business debt for a couple of major reasons:
1. Government's don't die. If they do, debt is the least of your worries.
2. Governments can control inflation and print money.
Having said that, I'm not agreeing our amount of debt is good or even ok, it's just there are different things to consider and it isn't really analogous to personal or business debt.